Daily comex research report by epic research for 30 june 2014

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DAILY COMEX COMMODITY REPORT

30th JUNE-2014

PRECIOUS METALS AND INDUSTRIAL METALS

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

COMEX GOLD USD/T OZ. 1316.90 -0.10 -0.01% AUG-14

GOLD SPOT USD/T OZ. 1315.72 -0.43 -0.03% N/A

COMEX SILVER USD/T OZ. 21.00 -0.14 -0.66% SEP-14

SILVER SPOT USD/T OZ. 20.93 -0.15 -0.71% N/A

COMEX COPPER USD/LB. 3.1630 -0.0080 -0.25% SEP-14

PALTINUM SPOT USD/T OZ. 1474.75 10.00 0.68% N/A

ENERGY COMMODITY FUTURES

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

CRUDE OIL(WTI) USD/BBL. 105.75 -0.09 -0.09% AUG-14

CRUDE OIL(BRENT) USD/BBL. 113.21 0.00 0.00% AUG-14

NY. NATURAL GAS USD/MMBTU 4.431 -0.010 -0.23% AUG-14

NY. HEATING OIL USD/GAL. 300.28 -1.58 -0.52% AUG-14


DAILY MARKET OUTLOOK

30th JUNE-2014

COMMODITY SUPPORT-2 SUPPORT-1 PIVOT RESISTANCE-1 RESISTANCE-2

GOLD(AUG-14) 1307.83 1312.37 1317.73 1322.27 1327.63

SILVER(SEP-14) 20.79 20.90 21.07 21.18 21.35

WTICRUDEOIL(AUG-14) 104.90 105.32 105.76 106.18 106.62

NATURALGAS(AUG-14) 4.333 4.382 4.424 4.473 4.515

COPPER(SEP-14) 3.1457 3.1543 3.1717 3.1803 3.1977

LME BASE METALS OFFICIAL CASH PRICES ( $/MT ) LME WAREHOUSE STOCKS (INVENTORY)

METALS PRICE ( $/MT ) CHANGE % CHANGE METALS INVENTORY CHANGE (MT)

ALUMINIUM 1850.00 -7.00 -0.38% ALUMINIUM -6550

COPPER 6976.00 39.50 0.57% COPPER -850

LEAD 2138.50 -2.00 -0.09% LEAD 1500

ZINC 2182.50 2.50 0.11% ZINC 1300

NICKEL 18765.00 140.00 0.75% NICKEL 234

TIN 22350.00 -75.00 -0.33% TIN 100


DAILY SUPPORT & RESISTANCE

30th JUNE-2014


INTERNATIONAL COMMODITY NEWS

30th JUNE-2014

• Gold futures rose on Friday as the dollar fell amid market sentiment that the Federal Reserve will keep interest rates low well into 2015 despite comments from the head of the U.S. central bank's St. Louis branch suggesting otherwise. Gold and the dollar tend to trade inversely with one another. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at 1,319.50 a troy ounce during U.S. trading, up 0.19%, up from a session low of $1,313.60 and off a high of $1,323.10. The August contract settled down 0.42% at $1,317.00 on Thursday.

• Silver for September delivery was down 0.10% at $21.140 a troy ounce, while copper futures for September delivery were down 0.18% at $3.166 a pound.

• Crude futures edged lower in U.S. trading on Friday as investors continued to unwind positions that had priced in the possibility of major supply disruptions stemming from the bloody Iraqi insurgency. In the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in August traded at $105.61 a barrel during U.S. trading, down 0.22%. New York-traded oil futures hit a session low of $105.34 a barrel and a high of $106.18 a barrel. The August contract settled up 0.62% at $105.84 a barrel on Thursday.

• The ICE Futures Exchange in London, brent oil futures for August delivery were up 0.02% and trading at US$113.24 a barrel, while the spread between the Brent and U.S. crude contracts stood at US$7.63 a barrel.

• Natural gas futures carried Thursday's losses into Friday after official data revealed U.S. inventories rose more than markets were expecting lastweek. On the New York Mercantile Exchange, natural gas futures for delivery in August traded at $4.393 per million British thermal units during U.S. trading, down 1.09%. The commodity hit a session high of $4.466 and a low of $4.376. The August contract settled down 2.80% on Thursday to end at $4.441 per million British thermal units.

• Base metals moved back into upside territory during Friday LME premarket trading, reversing an early drift when the copper market sped up to its highest since early-March, while the others again veered towards overhead objectives. The copper price got to within $16 of the $7,000 level at one stage, nickel hit its best for just over one week and aluminium , zinc and lead were all showing signs of retesting overhead resistance areas. The aluminium price was again struggling above $1,900 - prices have consistently failed to hold above that level this week. Business at $1,895 was $2 lower. Inventories recorded their 24th successive daily decline - down 6,550 tonnes at 5,053,875 tonnes, the lowest since October 2012. The zinc price hit $2,196.50, just $1.50 below the recent 16-month high, and then traded at $2,190, a $0.50 loss. There was a rare stocks increase - inventories rose 1,300 tonnes to 669,000 tonnes. Sister metal lead held at an unchanged $2,174, while stocks increased 1,500 tonnes to 193,400 tonnes. The nickel price saw technically based buying and traded at $18,820, down $30 - stocks were up 234 tonnes at305,790 tonnes. The tin price at $22,350 was $75 lower, with stocks up 100 tonnes at 11,285 tonnes, the highest since November 2013.


EPIC DAILY TOP PICKS

30th JUNE-2014

WTICRUDEOIL-NYMEX DAILY CANDLESTICK CHART

TRADING STRATEGY :

WTICRUDEOIL-NYMEX has closed @ 105.72. If it breaks the level of 105.50, it can touch the level of 105.00 & 104.20 respectively. If it sustain

above the level of 106.76, it can touch the level of 107.26, 107.96 respectively.

SELL WTICRUDEOIL-NYMEX BELOW 105.50 TGTS 105.00, 104.20 SL 106.05.

BUY WTICRUDEOIL-NYMEX ABOVE 106.76 TGTS 107.26, 107.96 SL 106.21.


TODAY'S ECONOMIC EVENTS

30th JUNE-2014

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Daily comex research report by epic research for 30 june 2014

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